The Economy in the New England, Southern, and Middle Colonies.

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Presentation transcript:

The Economy in the New England, Southern, and Middle Colonies

Agriculture Industry Commerce Professionals in the New World

Agriculture-South Crops Labor

Agriculture-Crops Subsistence Cash

Agriculture-Labor Contract Labor Involuntary Servitude

Agriculture-Labor- Contract Labor Redemptioners Indentured Servants

Agriculture-Labor- Involuntary Servitude Slave Trade Legal Status Working Conditions Living Conditions Transferal of Culture

Industry-New England Local Crafts: The Putting Out System Fishing Shipbuilding Naval Stores

Commerce-Middle Colonies Problems Prospects

Commerce- Problems Pirates and Privateers Smuggling Scarcity of Specie Paper Money vs. Barter Unfavorable Balance of Trade with Great Britain

Commerce- Prospects Good Natural Harbors Triangle Trade Routes Exports in Demand Favorable Balance of Trade with the West Indies

Professionals in the New World Preparation for the Clergy Entrance into the Medical and Legal Professions Preparation for Teaching